, 1887-04-16
THE BRITISH GUIANA MIMI g
COMPANY.

The public meeting held in the Royal
Agricultural SOciety'S Hall on Monday al
ternoon to consider the policy of forming u
large company, essentially and cOmpre-
hensiyely colonial, to engage in mining for
gold and other precious minerals, was very
numerOuSly attended, and it disposed OF
it's business in a very brief space of time,
The Horrible the AttOrny General. who
was voted to the Chair, explained the CD.
iects the promoters had i'll view, and point
ell out the advantages that would attend
a large undertaking Of this kind as against
- small Omc,-nOt only in the possible econ.
Omising Of management and purchase ut
supplies. but in the engagement OF a large
staff of qualified experts whose work it
would be to traverse the whole colony and
select suitable places for operations. Many
companies were now being formed that
could hardly stand u day OF adversely AMI
their inevitable fate would I've to go TO tho
wall, by which the faith Of the people i'll
the profits Of g0ld-minlng would be sllaknll
and the new industry would be abandoned.
But, the gold was there, and it only re-
quirpd properly equipped expeditions to
fnd it. in paying quantities. A Company
such ny it was proposed to form would pos
sess he capital requisite to conduct opera
ions upon a paying scale; and by placing
the value of a share at the low sum of five
dollars, u membership in the company
would be placed within the reach OF the
masses. The meeting, with hardly u dis.
S~entiemt voice to amy of the proposals
submitted by the promoters, adopted
the resolutions that were put seriatim;
and the Provisional Director son the fol-
loving day issued a prospectus, the
full text Of which will be found III
our advertisement columns. The notni.
- o,y;knl Oe fbA. (innnAanv ia Rvu6 ar "a
million of dollars in 100000 shares of dive
dollars each, half a dollar to be lodged on
ann. ication and $3.50 to be pail on allot-
mrut: but il is believed that the Company
will be able TO reserve onerlAlf the shares
for u future issue which may he made I'M.
der conditions justly favourable TO the
hn!AerS of The FIRST allotment. Indeed, one
Stimulation of the public meeting, ami
VIII oh has been embntiied, in the prospectus
il, that the Provisional Directors as q
aS 100. 600 shares rave been applied for
shall call a general meeting at which per-
manent directors shall be elected, tll9
articles of association discussed, anu the
policy Of issuing further shares decided
upon. The prospectus SO far has brought
forth "A gratifying response, which JuStl11S
the opinion of those who hold that the peo-
pie will readily join hand in hant III .
general undertaking to develop the mineral
wealth of the land. The hope and belief
is that the Company will include in It's
list of members, men Of all classes, from
professional men, ~eStatrs' owners, and nrst
class officials, down to the humble shovel
man. The directors IN IS not be able to get
the services of experts, without some rea-
sOnable delay, Sucil m.n mt being llenfl'
FIJI in these attitudes; but it ~ un'tersto0tt
that inquiries in the most likely quarters
go OH bv to.lay's mail. In the meantime
the expenses Of the Company will be kept.
down to the lowest possible figure, and tue
excess capital not required for current ex.
penditure will be invested at as high u rats
as can be obtained, compatible with tho
rough security and prompt realisation sof
stock. The undertaking has been so en-
Enthusiastically received in the city aud SUD
urbs, that cOionists in the farther-lyiiig
districts may we'll feel disposed to join IN
the general approval. 1t will be OF very
great service to tho colony to, keep tle,
membership shares, we'll Within, its own
borders, not only on account OF the none
tary advantages which will accrue from the
working of an essentially local Undertaking
~.L:oL, 49, no rdlv fail RI he n lucrative one: